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HomeMy WebLinkAbout0134 4~01~ 3 ~ , $3~ y ~ ~ lOs i~ ~ ~ MORTGAGE DEED AND 8ECURITY A(~REEMENT ~ ~ ~ _ THIS 1110R'[YIAQB DKSD (tbe Mortsegs). dated a. d ~cesber 1 , t9 78 . by und 1r+~w.wri Dixoo R. NcCain aad Laas D. NcCsio, Hia wife (F~ereinetter ralled Mort~u~or) end $ltA 8811k Of $t. Lucie COtlilt3l , havin~ un otlics et , I~t. Pierce, . Florids Ihereinafter cHUed MortR++B~): WITNESSETH, that in eo -ns~~sration ot lhs pcsmise~ and In order to ~ecure the psyment ot both tbe princi{wt oI, end interest and eoy otber ~um~ psyabls on ths note (es hereinatter ~fined) os thia Moet~a~~ ond ths per(ornlance and ol?- ssrn~nas ot all ot the proviiiona 6eroot and ot wid nota. Mortaesor heroby srenta. ~elb. wsrrsnb, elieru. rembe~. telea~ea. conve~n, a~ai~n. trarofen. uwrt~e~ and ~eb over and ~onfiro» unto Mortsarv~. sll ot MortrKor'~ edate. ri~tht~ title end intenst in, W and under all that ceHain reel prope?ty utuatein st. I.tiCie Counly. Florida more ps?ticularly de~cribed iu foUow~: ~ . , Lot 6, lesa the Eset 100 feet aad ths North 30 feet; Lot 5. lese the North 30 feet; ell being in Block A of FOBT PtERCEGAR!)ENS SUBDIVISION, as per plat tharof on fila in Plat Book S, page 61, of the public records of St, Lucie Couuty, Florida. The graator berein covenant• that the sbove deacribed real propertq ~ is unisproved and tt~at tha same ie not now,~aor hs~ ever been, the 1'7 ho~estead of the graator. ' ~ • STATE ~F F'L~ORlDA~~ ~IY ~~aT~ `7 D~O UM ~NTAR~ TAMP TAX ~ ~~~„C„ I ~ ~ oEP7.-0~-R(~~NE'; . i ~~~~M~fl~r = - I 5. 1 5 ~ •w«?.m To ch.ow ~t, ti~,,1e,,. ~ l~t, = 'R ~ oEC • ~ R00EA /011RAS ~ . Gt CNrf~ C~e+OUit Cow~ ~1. L+uoi~, Ci0.. ~Nr TOG~'THER WITH al! improvementa now or hereatter located un eaid real pro{~rHy and aU (i:lure~, up~?Iwncaw, xpperatur, equipmont. l~estin~ und air conditioning equipment~ machioery nnd arlicles of penonai peoperty and replactimen! _ thereot (other thai? thwe ownal by leasees of seid real property) now or here~fter affi:ed to, atteched to, placed upon, or usal in any way in connection with the compiete and rnmtottetrle we, occupnncy, or operalion ot said real property, all licensea und permi4 w~ed ot requinrl in connectfon wit6 the wa ot said roa1 pmperty, aU leeres ot raid real property now or herea(ter entered inw and all risht, title end intereat of Mort~ceRor thereunder, includinR without limitation~ cush or see•uri- ties depc,sited thereunder pursuant to said leases. nnd ail renL, i~sues, proreeda. end protib accruinR from said real pruperty and tosether with all proceed~ o( the convenion, voluntery or involuntary ot any ot the foregoin~ into caah or liquidated claims~ including without limitation, proeee~ of iruuranc~v bnd condemnation awacds (tbe foregoins wid real, pruperty, ' tangible and inturysible perional pro~xrty hereinufte~ re(erred to w the Mortgaged Propetty). !l4ortgagor !scmtry gr.:nts lo Mortgagee a~ecurity inlereat in the loregoing de~criM~d tangible and intsingible penonul propeNy. 'I'n HAVLr AND TO HOI.D fhe Morlgaged Property, t.Mether with ali and aingular the tenemenb, hereditomenb and np~nirtenancea thent~nto belonginR or in anywiMe appertainin~ und /he reversiun And revenions.thereot and all the eiW1e, riRht, title, interest, home~tead, dower und right of dower, ~eparute e~tate, poe~essiun, claim and detnxnd whntsoever, as - wrll in IHw at in equity, of MorlgaRor nnd unto the enme, nnd every part thereot, with the Hppurtenun~ of MoriRngor in t nnd to the snme, nnd every part and pnr~el theteot unto Morlgegee. Mortqegor warranls that it hua v gaxl und market~ble tiUe to s~n indefe~?sit?le tre rutbte ~n the nMortgagea ~rcq~erty subjert to n~ lien, char~e or encumbrance exeept wrh e~ Mortg~gee hu~ ngreed to nccept in writinB ++nd Morlgsgor rnvenents thut thu Mortao~e is and will remein e vgtid and enforceable firsl mortsuge on the Mortgaged Property subject only lo the i eaceptioru he~ein provided. MortaaRor has full ~x?wer and (awful auliwrity to mortgage the Mortgagecl Pro~?erty in !he j m~nner end torm herein dane or intended hereetter to he done. MortRagor will pnserve such titte and wil) forever warmrlt ~ and detend the aeme to MortRagee aad will (orever wnrrnnt nnd dtlend the validity end priority ot Ihe lien here~f egainst ~ the cleirru oi all penons and partie~ whomsoever. ~ ~ ~ Mortaagor will, at the ra~ ot MortRagor, end without espenre to Mortgegee, do, ezecute~ acknowled6e and deliver al) and every wch turther acta, deeds, conveyenc~, morigaRes, a~sianmenb, notices ot aesignment, transten and easurs+rx~ as I Mort6egee ahaU (rom time to time requi~e in order to prea~+rve the priority of the lien of thu MorlRaRe or to tacilitnte the ~ f pertormence of the ternu hereof. , ~ ~ PROVIDLrD HOWEVkR, tfuit if Mort~agur stwl) ~y to Mortguqec the indebtedru~s in the principa) sum oI ' = l0.OG2.2~ ~~denced by thet certain promissory note (the Note), o( even dete herewith, esecutect by ~ ~ Mort~or and peyable to order ot MortRagee, with intete~t and upon the terms oa provided theroin, and together with all olher wrru advanced by Mortgegee to or un txhalt o/1V~ o r unuant /o the Note or this Mortaese, ihe tinal tnaturit date ot the Note and ihis Mort6age bein~ December 1~~Y~~3n , u~ shall perform all other coveru~nts end ~ ~•~nditions ot the Nute, nll of the ternu ot which Note Hre incor~wreted herein by reference ns though iet forth /ully here- ~ in, and ol nny.renewal, e:lension or modilication, thereof and of this AtoriKage, fhe~ thia !4S~r!~se snd the eatate hereby ~ ~•realed slu+ll cease:arx! terminnte. . E ~ MortgaRot furlher convenanb and ~iqrc~ with MortgnRex a~ lollvwe: ~ 1. To pey all sums, including interert ~ecvred herehy when due, as provided for in the Note and any rer~ewal. e:teruiion ~ or modilication thereol and in thia MortRage, ell wch wms to 1?e pnyable in lawtul money d theUnited State~ ot America ' ~ nt MortRaRce's a(oreaaid prin.•ipal ottice, or at ~u~h other place a~ M~rtgngee muy de~igns.te in writinR. z ~ 2. To pey when due, and witbout reyuirina any notice from MortRages, all la:e~, aa~asments ot any type or nnture > :~nd ott~er ch;a~Kes levied ur easeaed ngairut the Mortsa6ed Property or thia Mortguge and produce receipta therefor upon , i ~ demund. To immedietely puY and discharge any claim, lien or encumbrance ugeirut the.MorlgeRed Property whicb may be ~ or ~•~?me superior to thu Mori6uKe and to permit no detault or delinquency on any other lien, encumbrance or chrirge ` ~~Kj~~nst the Mortgnged Property. t ~ ~ 3: If reyuired by Mortg~gee, to eleo nwke m~~nthly de{x~rib with Morlg~gee, in e nun-intereat hrrinng eccount, to- ~ gether with and in eddition w inter~t and ~rincipal, of e rum equal to one-lwel(th of the yearly ta:e~ aruf ea~ments which ~ may tk levied ageinat the Mortgagc~t! Property. and lif w required) one-/welHh ot the yearly premiums tor iruurance ~ thereon. The amouot ot wch ta:es, us~r~amenta ~nd premiums, when unknown, sh~ll be estim~ted by MortRagee. Buch ~ de~~osita shal) be u~ed by Mort~W~ee to pay such taxe~, as~easmenti~ enr) premiurru when due. Any ituut(iciency of wch ~ - ~ -1- . (1 ~ ~ ~ SC:,~ i~f~i _ ~ ~ i ~ ~ ~ - ~ j - T 4 ,..._.~"~-~'^a~u.~ r~es~z ~.~a,_, r r _ , _ _ ~ . ~